Category: digital currencies

The New Payments Architecture (NPA) represents the future development of the UK’s retail payments infrastructure. Let’s take a look at what NPA is and how it will improve the payments ecosystem. The original ambition and scope for NPA was the consolidation of all current payment types, including Faster Payments, Banker’s Automated Clearing Systems (BACS) and…

Together Zwipe and Germany’s Fidor Bank will be piloting biometric payment cards throughout the second half of this year, with the scheme being powered by the Zwipe Pay technology platform. Fidor Bank is a digital bank headquartered in Germany. Founded in 2009, the bank serves customers in the retail, corporate and institutional sectors. Biometric cards…

TD Bank is looking to build out its automation expertise as part of a push to hire 2,000 new technology workers. The bank, a subsidiary of $1.73 trillion TD Group, is expanding in the U.S. with its acquisition of Memphis, Tenn.-based First Horizon Corp. for $13.4 billion, according to a recent Bloomberg Mercury report. TD…

Rapidly scaling technology can foster innovation at the bank level, but it can also create operational risks — from data breaches and environmental failures to other unexpected events. Central to guarding against such threats is cultivating resiliency in bank infrastructure architecture and development. Following are four best practices for enabling operational technical resiliency: Practice failure…

Nearly all IT decision-makers have implemented automation projects within the last two years while about half have executed three to four automation projects during that same period. So finds a recent study that polled more than 1,200 IT decision-makers in the U.K., U.S., France, Germany and Japan earlier this year by intelligent automation firm Abbyy.…

Identity verification company Onfido partnered with Bank Millennium Poland to bring automated identity verification to its onboarding process. Bank Millennium Poland was named “Best Digital Bank in Poland” in 2021 by Global Finance Magazine. Onfido also announced that it was joining the digital ID program launched by The Investing and Savings Alliance (TISA). Identity verification…

2022 has not been crypto’s year so far. After a huge rise in November 2021, the crypto market has for the most part been on a downhill trend ever since. This was made extremely apparent at the start of May, when TerraUSD (UST) and $LUNA (Luna) collapsed, sending the entire crypto market in a downward…

Embedded finance is already bringing significant disruption to the consumer market. So why is business finance lagging behind? Richard Prime This is the narrative explored here by Sonovate‘s co-founder and co-CEO, Richard Prime, who delves into the success of embedded finance, and what the industry can take from that journey to better the business financing…